Davidson Industries, a sole proprietorship, sold the following assets in 2018:

Asset	Cost	Acquired	Depreciation	Sale Price	Sale Date
Warehouse	$150,000	10/10/11	$25,801	$175,000	3/15/18
Truck	18,000	1/15/17	6,480	16,000	1/14/18
Computer	25,000	7/31/17	6,634	17,000	8/31/18

a. The following questions relate to the sale of the warehouse:

(1). What is the adjusted basis of the warehouse?

(2). What is the realized gain on the warehouse?

(3). What amount of the gain is taxed according to § 1250 rules?

(4). What amount is considered a § 1231 gain before netting?

b. The following questions relate to the sale of the truck:

(1). What is the adjusted basis of the truck?

(2). What is the realized gain on the truck?

(3). What amount of the gain is taxed according to § 1245 rules?

(4). What amount of the gain is taxed as ordinary income?

c. The following questions relate to the sale of the computer:

(1). What is the adjusted basis of the computer?

(2). What is the realized gain or loss on the sale?

(3). Which IRC section code applies to this asset?